NASDAQ$CLMB
Climb Global Solutions Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported record third quarter results with net income and adjusted net income up more than 2x and adjusted EBITDA up 96%.
Climb Global Solutions reported a strong third quarter with net sales up 52% to $119.3 million, adjusted gross billings up 65% to $465.2 million, and adjusted EBITDA up 96% to $9.9 million. The company's performance was driven by organic growth and the integration of DSS and DataSolutions.
- Net sales increased 52% to $119.3 million.
- Adjusted gross billings increased 65% to $465.2 million.
- Net income increased more than 2x to $5.5 million, or $1.19 per diluted share.
- Adjusted EBITDA increased 96% to $9.9 million.
Headline financials
Revenue & EPS history
Climb Global Solutions · Revenue · Quarterly
$119M
Forward guidance
The company will continue to leverage its global infrastructure to foster organic growth while actively evaluating M&A targets that complement its geographic footprint, expand its service and solution offerings and, most importantly, align with its high-performance culture. They expect to unlock additional synergies from acquisitions and further improve operating leverage as they execute across their global platform. They believe that these initiatives, coupled with a proven track record of accretive M&A, will enable them to close out 2024 on a strong note and achieve another year of record results.
Tailwinds
- Leveraging global infrastructure to foster organic growth.
- Actively evaluating M&A targets.
- Expanding service and solution offerings.
- Aligning with a high-performance culture.
- Unlocking additional synergies from acquisitions.
Headwinds
- Risk of not recognizing anticipated benefits of acquisitions.
- Continued acceptance of the Company’s distribution channel by vendors and customers.
- Timely availability and acceptance of new products.
- Competitive pricing pressures.
- Successful integration of acquisitions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+2.0%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+4.3%
Avg return
30 days after
58%
38 / 65 earnings
Positive
+19.4%
Q4 2022
Best reaction
-21.9%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -21.6% | -7.4% | +1.3% | |
| Q4 2025 | -2.2% | -3.9% | -15.7% | |
| Q3 2025 | -7.7% | -15.1% | -24.3% | |
| Q1 2025 | -4.5% | +1.0% | +4.5% | |
| Q4 2024 | +12.8% | +1.8% | -16.4% | |
| Q3 2024 | -3.7% | +1.6% | +26.6% | |
| Q2 2024 | +18.8% | +27.3% | +46.4% | |
| Q1 2024 | -8.3% | -9.4% | -10.7% | |
| Q4 2023 | +13.3% | +11.5% | +18.1% | |
| Q3 2023 | -5.5% | -4.6% | +8.9% | |
| Q2 2023 | -21.9% | -20.5% | -12.4% | |
| Q1 2023 | +2.6% | +6.9% | +6.7% | |
| Q4 2022 | +19.4% | +23.3% | +34.1% | |
| Q3 2022 | -0.8% | -1.4% | +2.3% | |
| Q2 2022 | -1.5% | +0.4% | -7.9% | |
| Q1 2022 | +1.9% | -0.7% | +9.4% | |
| Q4 2021 | +11.2% | +4.3% | +14.1% | |
| Q3 2021 | +7.6% | +3.6% | +11.2% | |
| Q2 2021 | +15.3% | +9.1% | +6.4% | |
| Q1 2021 | -0.6% | +0.3% | +16.6% | |
| Q4 2020 | +18.2% | +21.9% | +22.6% | |
| Q3 2020 | -10.6% | -11.6% | -16.1% | |
| Q2 2020 | -16.0% | -15.3% | -1.2% | |
| Q1 2020 | +15.7% | +20.5% | +58.4% | |
| Q4 2019 | +15.2% | +11.6% | -23.3% | |
| Q3 2019 | -8.6% | -7.8% | -0.5% | |
| Q2 2019 | +9.2% | +14.8% | +25.9% | |
| Q1 2019 | -0.7% | -2.9% | -10.8% | |
| Q4 2018 | +11.1% | +10.7% | +6.6% | |
| Q3 2018 | +3.7% | -0.6% | -10.6% | |
| Q2 2018 | -5.2% | -8.5% | -11.4% | |
| Q1 2018 | +2.9% | +3.3% | +2.5% | |
| Q4 2017 | +10.2% | +10.9% | +1.8% | |
| Q3 2017 | -2.9% | -3.1% | +9.8% | |
| Q2 2017 | -2.2% | -6.1% | -14.4% | |
| Q1 2017 | +7.2% | +3.6% | +4.1% | |
| Q4 2016 | +9.0% | +7.2% | +10.2% | |
| Q3 2016 | +1.5% | +0.0% | -0.3% | |
| Q2 2016 | +0.1% | -0.3% | -3.7% | |
| Q1 2016 | -0.8% | — | — | |
| Q4 2015 | -8.2% | — | — | |
| Q3 2015 | +4.0% | — | — | |
| Q2 2015 | +1.3% | — | — | |
| Q1 2015 | +2.7% | — | — | |
| Q4 2014 | -3.6% | — | — | |
| Q3 2014 | +0.2% | — | — | |
| Q2 2014 | -1.0% | — | — | |
| Q1 2014 | -12.7% | — | — | |
| Q4 2013 | +6.8% | — | — | |
| Q3 2013 | +1.3% | — | — | |
| Q2 2013 | +3.3% | — | — | |
| Q1 2013 | +2.8% | — | — | |
| Q4 2012 | -0.3% | — | — | |
| Q3 2012 | -1.3% | — | — | |
| Q2 2012 | -0.8% | — | — | |
| Q1 2011 | +2.3% | — | — | |
| Q1 2012 | +1.3% | — | — | |
| Q4 2009 | +0.8% | — | — | |
| Q4 2011 | +0.8% | — | — | |
| Q3 2011 | +1.4% | — | — | |
| Q3 2010 | +1.4% | — | — | |
| Q2 2011 | +15.1% | — | — | |
| Q4 2010 | +15.1% | — | — | |
| Q2 2010 | +15.1% | — | — | |
| Q1 2010 | -0.3% | — | — |
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